Why is Jyoti CNC Auto. falling/rising?

As of 23-Jul, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at 1,030.35, which reflects a decrease of 26.85 or 2.54%. The stock has underperformed its sector by 2.78% today and has been on a downward trend for the last two days, resulting in a total drop of 4.17%. In terms of returns, the stock has shown a negative performance of 0.70% over the past week, 9.38% over the past month, and a significant decline of 23.62% year-to-date, while the benchmark Sensex has posted positive returns in these periods. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 45.22% compared to the five-day average.
In the broader market context, Jyoti CNC Automation Ltd's recent performance contrasts sharply with the Sensex, which has gained 0.11% over the past week and 1.01% over the past month. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles. While the company has demonstrated strong fundamentals, such as a low Debt to EBITDA ratio and significant growth in net sales and operating profit, these positive factors have not translated into stock price appreciation. The stock's valuation appears expensive, and despite reporting positive results for the last five consecutive quarters, the overall sentiment remains negative, contributing to the ongoing decline in its stock price.